Oil gives up gains as soaring US dollar offsets Putin’s troop mobilization

Follow-ups -eshrag News:

Wed, 2022-09-21 17:42

NEW YORK: Oil prices gave up early gains on Wednesday as a soaring dollar and global recession fears offset worries about a Russian military mobilization.

A big increase in US crude stocks could also weaken oil prices. Analysts forecast US crude stocks rose 2.2 million barrels last week.

On Tuesday, data from the American Petroleum Institute industry group showed crude stocks rose 1.0 million barrels in the week to Sept. 16.

Main category: 
Business & Economy

Noting that the news was copied from another site and all rights reserved to the original source.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button